Commodore Cruise takes stock hit

NEW YORK -- The "general fall of Nasdaq stocks" and the April 15 tax filing deadline are responsible for Nasdaq-traded niche operator Commodore Cruise Line's sharp stock plunge since the beginning of 2000, said Jeffrey Binder, chairman.

Commodore traded at more than $7 per share last summer but is now down to about $2.50 per share. "The fundamentals of our business are on target," said Binder. "There is no reason for the drop in our share price. We're ending our fourth year as a public company and [are] just now hitting our stride."

Commodore will launch Bermuda-bound itineraries for its new upscale brand, Crown Cruise Line, in May.

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